Report: Walgreens to raise $85 million through sale of six-building office campus
DEERFIELD, Ill. — Walgreens will sell its six-building office campus, where it will remain a tenant, for $85 million, according to a report published Tuesday by Chicago Real Estate Daily.
According to the report, Walgreens hired Jones Lang LaSalle to sell the 38-acre campus, which it would lease back for 10 years.
Walgreen plans multimillion-dollar improvements to its offices within the first two years of the leaseback deal, the report noted. The buildings were constructed from 1976 to 1989.